Social Security Report

Study: Overconfidence Or Underconfidence Breeds Danger For Retirement Planning

A new study by the National Association of Retirement Plan Participants (Narpp) said there are dangers for workers being overconfident or underconfident about their financial knowledge. After surveying 5,000 defined-contribution-plan participants on their perceived financial literacy and testing them to find their actual comprehension last fall, Narpp found 20 percent were overconfident and 23 percent were underconfident. Read more…

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